Usman Memorial Foundation was formed in 1973 in the memory of Late Mohammad Usman, by his family members, friends and well-wishers. Mr. A.K. Brohi was the first President, while Dr. Manzoor Ahmad was the Secretary General of the Foundation.
There were two Usman Memorial Scholarship awarded to research scholars namely Dr. Syeda Khatoon for research entitled "An Analysis of Religion Philosophy of Sir Syed Ahmed" and Dr. Rasheed Ahmed Jalandri for research entitled "Deoband Movement and Religious reforms". Both the research papers were published in the shape of a book.
In 1994, the Foundation established Usman Institute of Technology (UIT) on the plot of land allotted to the Foundation located at Abul Hasan Isphahani Road, with total contribution from the Hasham family. UIT is affiliated with NED University. The Managing Committee of the Foundation plays a significant role in overseeing the affairs of UIT.
The present members of the Managing Committee of the Foundation are: